( 3 minutes read)
· Namibia’s renewable energy sector is optimistic about its
growth with the growing presence and entry of international oil
companies in the hydrocarbons sector.
· Namibia is largely an energy consuming country. However, it
hopes to grow its upstream industry, improve energy security through
diversifying its energy mix.
· The country is looking forward to collaborating with the
private sector to review its policies in order to attract further
investment.
Namibia’s renewable energy sector is optimistic about its growth with
the growing presence and entry of international oil companies in the
hydrocarbons sector.
Tom Alweendo, Namibia’s Minister of Mines and Energy during a webinar
hosted by the African Energy Chamber in partnership with Africa Oil &
Power on Friday listed the reforms taken in the renewable energy
sector that made possible for independent power producers to come
into the sector and produce clean energy, especially through solar and
wind.
Namibia is largely an energy consuming country. However, it hopes to
grow its upstream industry, improve energy security through
diversifying its energy mix. The country is looking forward to
collaborating with the private sector to review its policies in order
to attract further investment. The webinar also discussed plans for
the development of the Kudu gas project. The minister said that his
ministry is currently relooking the project’s business model and hopes
to move forward thereafter. Also the 37,500 bpd barge-mounted
refinery in Walvis bay , which was to be finalized in March this year
was deterred on account of the pandemic. The ministry, however, is
working out plans for completing the US$370 million project by the end
of 2020.
The Angola-Namibia cross border Baynes hydroelectric dams’
feasibility study is currently on and is planned to commence with
construction in June this year. The dam will have a capacity to
produce 600MW output. It will be split in 300MW for Angola and 300MW
for Namibia.
